PPP Loan Data — Chevron Pool Company Inc, West Jefferson, OH
Chevron Pool Company Inc is a corporation located at 48 E Main St in West Jefferson, Ohio that received a Coronavirus-related PPP loan from the SBA of $47,037.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Chevron Pool Company Inc in West Jefferson, OH received a Paycheck Protection Loan of $47,037 through The Huntington National Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Chevron Pool Company Inc's 2019 payroll expenses are estimated to be at least $225,778.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,445 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chevron Pool Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,037
Business Information - Chevron Pool Company Inc in West Jefferson, OH
48 E Main St
West Jefferson, OH 43162
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 75% higher than Chevron Pool Company Inc's reported 4 employees, and received an average PPP loan of $45,205, 4% lower than this company's loan of $47,037.
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Footnotes & Information
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